Buying new commerical premises (2026)

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Buying new commerical premises (2026) by Mind Map: Buying new commerical premises (2026)

1. [Advising the business](https://library.croneri.co.uk/po-heading-id_4WXXSOH7bECxabuOUPomWw)

1.1. Tax relief?

1.2. Buy or lease?

1.3. Purchaser?

2. [Fixtures](https://library.croneri.co.uk/po-heading-id_PFTFctmcU0Sidg5-TUeh_Q)

2.1. Agreed value

2.1.1. Fixed value requirement

2.1.1.1. 2yrs

2.1.2. Pooling requirement

2.2. 6% special rate

2.3. 100% AIA

2.3.1. Max. £1m pa

2.3.2. Corporation tax and income tax

2.4. FYAs

2.4.1. Corporation tax only

2.4.1.1. 1 April 2023 onwards

2.4.1.1.1. 100% FYA for main rate P&M (full-expensing)

2.4.1.1.2. 50% FYA for special rate P&M

2.4.1.1.3. Now permanent (31 March 2026 end-date removed)

2.4.2. **1 January 2026 onwards**

2.4.2.1. [40% FYA for mainrate expenditure, including leases](https://library.croneri.co.uk/cch_uk/btr/237-201 )

3. [Structures and buildings allowance](https://library.croneri.co.uk/po-heading-id_wzed0Bb8w0K6JOEqEMg5eA)

3.1. Building costs

3.1.1. Not land

3.1.2. Not fixtures

3.2. 3% pa

3.2.1. Straight line

3.2.2. Accelerated relief in some cases

3.3. No balancing adjustment

3.3.1. Increase gain / reduce loss

3.4. Create/maintain allowance statement

4. [Lease](https://library.croneri.co.uk/po-heading-id_Mo8R5FuVHkmVsAa3VIfaAw)

4.1. Rent

4.1.1. Wholly and exclusively

4.2. Premium

4.2.1. 50 years +

4.2.2. Relief for income element

5. [VAT](https://library.croneri.co.uk/po-heading-id_oQgbdtrOCkuBqzygpJ7a7A)

5.1. [Exempt](https://library.croneri.co.uk/bvr/27-exemp-1)

5.2. [Standard-rated](https://library.croneri.co.uk/cch_uk/bvr/34-landcp-8)

5.2.1. [Opt to tax](https://library.croneri.co.uk/cch_uk/bvr/34-landcp-9)

5.2.2. [New](https://library.croneri.co.uk/cch_uk/bvr/34-610)

5.2.2.1. 3 years

5.3. Lease

5.3.1. [Exempt unless opted to tax](https://library.croneri.co.uk/cch_uk/bvr/34-632)

5.3.2. [Treatment of deposits: refundable, or advance payment?](https://library.croneri.co.uk/cch_uk/bvr/34-640)

6. [Transaction tax](https://library.croneri.co.uk/po-heading-id_JYEQM4d-rkysi7uCGZLZCQ)

6.1. SDLT / LBTT / > £150K LTT > £225k

6.1.1. [LBTT (Scotland)](https://library.croneri.co.uk/cch_uk/lbtt/200-000)

6.1.1.1. [Rates](https://library.croneri.co.uk/cch_uk/trto/15-000)

6.1.2. [LTT (Wales)](https://library.croneri.co.uk/cch_uk/ltt/300-000)

6.1.2.1. [Rates](https://library.croneri.co.uk/cch_uk/trto/15-500)

6.1.3. [SDLT (UK except Scotland and Wales)](https://library.croneri.co.uk/cch_uk/sdlt/10-000)

6.1.3.1. [Rates](https://library.croneri.co.uk/cch_uk/sdlt/10-410)

6.2. Leased buildings

6.2.1. [Scotland](https://library.croneri.co.uk/cch_uk/lbtt/208-000)

6.2.1.1. [Rates](https://library.croneri.co.uk/cch_uk/trto/15-000)

6.2.2. [Wales](https://library.croneri.co.uk/cch_uk/ltt/308-000)

6.2.2.1. [Rates](https://library.croneri.co.uk/cch_uk/trto/15-500)

6.2.3. [UK except Scotland and Wales](https://library.croneri.co.uk/cch_uk/sdlt/60-000)

6.2.3.1. [Rates](https://library.croneri.co.uk/cch_uk/sdlt/10-410)

7. [Buy](https://library.croneri.co.uk/po-heading-id_M69NxLmytkO9xXWEMhR6OA)

7.1. Capital costs

7.1.1. Relief against gain on eventual disposal

7.1.2. Structures and buildings allowance

7.1.3. Capital allowances for fixtures